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CFDs on WTI Crude Oil
Short

Short term selling oil

By pparmy1991
Updated
Bearish Harmonic pattern detected and also divergences for RSI/MACD on 4hr chart.
Stop loss above yesterday's high.
TP1: 49.1-49.3
TP2: 45.5-45.7
Comment
snapshot
Comment
If TP1 reached and we see reversal signal, then the corrective pattern is more like an expanding flat, very likely the previous top will be broken. Otherwise target two is possible.
Comment
Still in play. Monday we should know whether to keep the short line.
snapshot
Trade closed: stop reached
Approaching 1.272, watch it closely for bearish signal. No reason to buy here for me.
Comment
Oil might be topping today. Wait for confirmation, will post another short idea if risk reward is good.
Chart Patterns
pparmy1991

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